Missouri Laws 321.465 – Consolidated district, status — transfer of assets and liabilities
Terms Used In Missouri Laws 321.465
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- fire protection district: is a political subdivision which is organized and empowered to supply protection by any available means to persons and property against injuries and damage from fire and from hazards which do or may cause fire, and which is also empowered to render first aid for the purpose of saving lives, and to give assistance in the event of an accident or emergency of any kind. See Missouri Laws 321.010
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
If the vote prescribed by section 321.460 is in favor of the consolidation, then, upon the order of the court declaring the same, the consolidated district thereupon shall be a political subdivision of the state of Missouri and a body corporate, with all the powers of like or similar corporations, and with all the powers of fire protection districts under section 321.220, whose affairs shall be conducted as provided in this chapter, with all the powers, privileges and duties therein conferred and provided upon fire protection districts in the county. All properties, rights, assets, and liabilities of the several fire protection districts which are so consolidated, including outstanding bonds thereof if any, shall become forthwith and without any further procedure the properties, rights, assets, and liabilities of the consolidated fire protection district. The provisions of section 321.140 shall also apply to the election and order establishing the consolidated fire protection district.